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LONDON - The City of London Investment Trust PLC, managed by Janus Henderson Fund Management UK Limited, announced today that it has sold 135,000 ordinary shares from its treasury stock. The shares were sold for cash at a price of 452.0p each.
This transaction does not alter the company’s issued ordinary share capital, which remains at 502,664,868 shares of 25p each. However, the treasury now holds 10,522,762 shares, which do not carry voting rights. As a result, the number of ordinary shares carrying voting rights stands at 492,142,106.
The company also provided an update on the voting rights associated with its various classes of stock. The ordinary shares command a total of 32,809,473 votes, with one vote allocated for every 15 shares held. Additionally, the First Preference Stock and Preferred Ordinary Stock confer 30,198 and 29,484 voting rights, respectively, with one vote for every £10 and £20 of stock held.
The total number of voting rights in the company is now 32,869,155. This figure serves as the denominator for shareholders to calculate whether they must disclose changes in their stake in the company under the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules.
The information for this article is based on a press release statement from The City of London Investment Trust PLC.
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